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Toyota Prius, Car Leasing, Hybrid Cars
#330 of 390 Lease Rates, etc.
Feb 18, 2011 (10:49 pm)
I just started looking and was told that the attractive lease rates apply only to the 2010 models. For Feb., the money factor is a very low .00010. The residual is dependent on which version and option packages as certain options do not add to the residual value. Either way, 70% or even 65% sounds extremely high for a 36-month lease. Can anyone else confirm this or know the value?
Kinnlingbee: Your calculations are correct, but, as I said 65% sounds high. Your money factor is equal to 3.72%, which is reasonable, but if you drop the residual down to 58%, your monthly lease goes up to $420. I guess we need to find out what the residuals are for each model and year.
With gas prices expected to rise, the dealer said she did not expect the deals to be as attractive on the 2011 even though there are virtually no changes. Also, and I might have misunderstood this, the 2011 models (maybe it's the 2012 models?) have numbers (1, 2, 3, & 4) instead of the previous Roman Numerals, but the new Prius V will be a station wagon.
#331 of 390 Re: Lease Rates, etc. [lch77]
Feb 21, 2011 (6:54 pm)
Its is true that all good lease rate is for 2010 models.
What I know about 2011 models is that its about 55%~58% with 0.0012 money factor.
and Prius 3 w/ JBL can easily go over $350 and w/Solar pkg would go over $400.
So, I decided not to go for Prius this time.
here some ruff calculation I did if anyone interested
2011 down MP month total tax mpg gas main. total
civic LX 0, 180, 36, 6480, 632, 26, 4500, 960, 12572
camry LE 0, 259, 35, 9065, 884, 22, 5318, 270, 15537
accord EX 0, 260, 35, 9100, 887, 23, 5087, 960, 16034
2010 down MP month total tax mpg gas main. total
prius 2 1999, 259, 36, 11323, 1104, 51, 2294, 270, 14991
prius 2 0, 319, 35, 11165, 1089, 51, 2294, 270, 14818
So if I want to go for 2011 Prius 3 then I need to pay more then 2011 Accord EX.
The deal I got so far for 2011 Prius is $0 1st payment $0 drive-0ff
$345(include tax) with JBL and $410(include tax) with Solar pkg for 12k miles/36 month lease.
It is about $2000 more then 2010 Prius 3.
*) gas price I used is $3.25 and maintenance is based on the factory recommended regular routine.
So, now I'm looking at 2011 Accord EX-L or 2012 Volvo S60.
If I don't get the number I want then probably just wait for the Sonata Hybrid($25000 MSRP)
#332 of 390 Questions about leasing a 2010/2011 Prius IV
Mar 03, 2011 (3:57 pm)
I'm trying to figure out the best possible lease deal available in California (I'm based in Los Angeles) for a Prius IV. Looking to lease something by April 1.
I don't really care about any of the upgrade options other than leather and navigation, but from what I'm told it makes more sense to get the Prius IV than to look for a Prius III with these two things added.
I want a lease for 24 or 36 months, don't want to put anything other than tax/title/tags down, and need 12k miles per year.
I'd love to get as close to $300 a month including tax as possible. Is that realistic?
Also, are they still leasing 2010 models or do I have to get a 2011 model (and is there a big difference in the models?)?
#333 of 390 Re: Just signed [delta737h]
Mar 14, 2011 (10:46 am)
Maybe you should check out what South East Toyota does before you try and tell me I am wrong. SET is completely different than any other region in the US because the guy that owns the franchises never sold his rights back to Toyota.
Plus the fact that I actually executed a deal kind of proves me right, dontcha think?
So when you go to lease a Toyota in the SET they have something called "Residual Assistance", which is not a deduction due to taking less miles or something like that, it is a straight adder to the calculated residual. I believe the residual is not calculated on options but the assistance helps to offset it.
#334 of 390 Re: Questions about leasing a 2010/2011 Prius IV [lasaab]
Mar 15, 2011 (3:44 pm)
Having just leased a III with NAV this past weekend here in LA, I would say you would be fortunate to get one for $400 with tax.
Also, something you may not know, but Toyota doesn't include GAP insurance in their leases...you need to buy it in the finance department (or maybe your insurance company can cover you)...they charge about $15-17/month for that...so tack that on to the above payment.
#335 of 390 press request
by kirstie_h HOST
Mar 29, 2011 (12:35 pm)
A reporter would like to interview someone who is having trouble finding a new Prius at a dealership. Please email predmunds.com by Thursday, March 31, 2011 with your daytime contact information and a few words about your experience.
#336 of 390 Plug in Hybrid
Apr 02, 2011 (12:44 am)
When will 2012 Plug in or small prius be available?
#337 of 390 Prius Lease Program
May 03, 2011 (9:58 am)
Hi Car Man,
Could you provide information about the Prius' lease program and incentives in North Carolina?
Many thanks in advance.
#338 of 390 2011 Prius III Lease - Thoughts?
Nov 13, 2011 (8:48 pm)
Have an deal on the table for a 2011 Prius III with Nav and Solar / Moon roof. $26,850 purchase price, 12,000 miles, 36-month lease, $15,800 residual for $385 / month (including taxes etc.).
There is a good chance I guy the car off the lease but wanted the optionality of a lease. Any thoughts on that deal? Any more levers I can try to pull?
Nov 16, 2011 (10:04 am)
Does anyone know what is the Money Factor & residual for 2011 Prius II now?
I'm in Los Angeles and looking for 36 months with 12,000 mile.